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To: Free Per the Constitution
forced lenders to make loans to people who weren’t qualified

...and those forced to make those loans invented Credit Default Swaps and Mortgage Backed Securities to ensure they were enriched by the defaults. Seeing how profitable this could be for them, they loaned money to people who couldn't pay for a stick of gum.

22 posted on 02/03/2010 7:19:51 AM PST by IamConservative (Liberty is all a good man needs to succeed.)
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To: IamConservative

when credit default swaps were in full swing, the house and borrower were NEVER THE PRODUCT. They were a side issue.

The wanted the promissory not in order to make money.

It was a ponzi scheme and they knew it.

hyper inflation is a concern because all the WH is populated by jimmy carter-esq ecconomic delusions.


24 posted on 02/03/2010 7:37:42 AM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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